Benefits Tag

Studies repeatedly cite health insurance as the most desired workplace benefit among employees. However, recent studies show an increasing demand for nonmedical workplace benefits. In November 2021, LIMRA reported that nonmedical benefits are expected to increase 20% by 2026. This data comes from a survey conducted...

Telehealth has been around for decades. In the past couple of years, however, the practice has gained immense steam. In fact, telehealth is now a core aspect of many employers' group health plans for several reasons: Telehealth can reduce health care costs, i.e., it can...

With the cost of health care continuing to rise, providing robust health care as a benefit to employees is becoming an increasingly important issue, especially in these times when the Covid-19 pandemic remains a concern and the future is uncertain. Fortunately, businesses can take steps to...

The pandemic has thrown businesses into a never-before-seen scenario that has upended how they operate. Many businesses that were thriving before the pandemic now find themselves having to make difficult decisions, including whether to furlough or lay off employees. This task is not as simple...

Payroll Partners is excited to announce our partnership with FinFit. FinFit provides a short-term loan* option that offers a responsible solution for employees so they can worry less about finances and focus more on their job, all provided at no risk to your company**. Get your employees on...

We all know that the cost of employee benefits is increasing. A "cafeteria plan" is one way to rein in those costs. Through this plan, employees can select from an array of benefits, a "cafeteria" offered by your company. Example: Suppose you are prepared to offer...

The IRS has announced the following cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2018 tax year [IR 2017-177; Notice 2017-64, 2017-45 IRB ]. Elective deferrals. The limitation on the exclusion for elective deferrals under Code Sec. 402(g)(3) will increase...